Vale cuts Q1 2020 iron ore target on Brucutu tailings dam halt

Vale has cut its iron ore production and sales target to 68-73 million tonnes from 70-75 million tonnes for the March quarter 2020, due to a reduction in operating rates for up to two months at its Brucutu mine.

The company is to temporarily suspend tailings disposal at the Laranjeiras dam serving the Brucutu mine to assess the dam’s geotechnical characteristics, the Brazilian miner said late on Monday December 2.

During the 1-2 month stoppage of tailings disposal at Laranjeiras, the Brucutu plant...

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